Unit trust's CG challenge

THE Malaysian unit trust industry quietly recorded a milestone at the start of the year when the total net asset value (NAV) of its funds climbed above the RM300bil mark in January. That figure matters because it shows just how fast the industry has been growing in recent years.

When 1996 came to a close, the total NAV was RM60bil. It went past RM100bil in January 2006, about nine years later. However, it took only four years to double. That was in March 2010.